FRHC
Freedom Holdings Corp.132.47
+0.59+0.45%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
8.10BP/E (TTM)
1892.43Basic EPS (TTM)
0.07Dividend Yield
0%Recent Filings
10-Q
Q2 FY2026 results
Freedom Holding Corp. posted Q2 FY2026 revenue of $526.1M, down 10% y/y from $586.1M, yet net income held at $38.7M (diluted EPS $0.63, confirmed vs. 61.1M shares) versus $114.5M y/y amid Kazakhstan tenge weakness. Brokerage revenue jumped 34% y/y to $234.9M on 40% more customers (776K total) and 78% higher margin interest, while insurance dipped 15% y/y from regulatory commission caps. Operating cash flow soared to $1.0B YTD (FCF not disclosed in the 10-Q), cash plus restricted cash hit $1.9B, debt securities issued rose to $742.8M (avg. ~10%). Astel Group Ltd. closed April 2025 for $22.3M (preliminary), adding $1.7M goodwill. Kazakhstan tax hikes on sovereign income lifted effective rate to 36.0%; forex volatility looms.
8-K
Annual meeting results approved
Freedom Holding Corp. held its 2025 annual meeting on September 29, electing Timur Turlov and Philippe Vogeleer as Class III directors until 2028. Stockholders approved executive compensation on an advisory basis and ratified Deloitte LLP in Kazakhstan as auditors for 2026. Votes sailed through with overwhelming support.
10-Q
Q1 FY2026 results
Freedom Holding Corp. posted Q1 FY2026 revenue of $533.4M, up 17% y/y from $455.0M, fueled by 18% insurance premium growth to $153.3M and a $45.6M trading gain swing from last year's $52.1M loss on Kazakhstan sovereign bonds. Net income dipped 11% to $30.4M amid 62% payroll surge to $93.1M and 70% insurance claims rise to $80.3M, yet Brokerage and Banking segments delivered $74.3M and $17.4M profits. Cash fell to $567.9M with $481M operating inflow, while debt securities hit $670.1M (10% rates, 2027 maturity) after $199M issuance; closed Astel Group Apr 2025 for $22.3M (cash), adding $1.7M goodwill. Operating cash beat capex. Kazakhstan revenue tops 87%. Regulatory scrutiny persists.
10-K
FY2025 results
Freedom Holding Corp. delivered FY2025 revenue of $2.05B, up 23% y/y, with brokerage fees surging 29% to $430M on 29% customer growth to 683K accounts while insurance premiums rocketed 131% via annuity expansion. Q4 momentum shone through SuperApp's 1.02M MAUs (up 12% y/y) and bank deposits leaping 41% y/y, yet net income plunged 77% to $84.5M from $57.8M trading losses on Kazakhstan bond volatility and $62M credit provisions amid tenge weakness. Banking drove sequential loan gains (up 16% y/y to $1.6B) with robust deposit inflows funding $864M interest income, but telecom/media ramps lifted capex. Excess regulatory capital swelled to $1.2B. Kazakhstan unrest risks quarterly access.
10-Q
Q3 FY2025 results
Freedom Holding Corp. posted Q3 FY2025 revenue of $655.2M, up 57% y/y, driven by insurance underwriting income jumping 125% y/y to $177.5M on expanded pension annuities while brokerage fees rose 19% y/y to $143.4M amid client growth to 618K. Net income fell 19% y/y to $78.1M as expenses climbed 81% y/y, led by insurance claims (up 155% y/y) and stock comp ($13.4M). Cash and equivalents hit $578M with operating cash flow at $343M YTD; debt securities issued reached $469M (10.5%-12% rates, 2026-2028 maturities). Acquired SilkNetCom (Sep 2024, $23.9M) and EliteCom (Oct 2024, $3.0M), recognizing $1.5M goodwill. Regulatory capital exceeds requirements. Kazakhstan tenge volatility pressures forex.
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